thank you. all make sense. on (b), i am clear on improvements done prior to sale.
the one area that is still not clear to me is how to deal with improvements that were done earlier in 2024 when the property had a tenant and improvements were done before any decision was made to sell later in the year. If the property was not sold later in 2024, i would capitalize the improvements and depreciate/expense them per schedule on Shed E. The issue is i ended up selling that same year and i understand that you are not allowed to capitalize (?) / depreciate assets (my early 2024 improvements) if they were sold in the same year.
another question - is it better to do the asset(s) sale in Sched E or inform Turbo tax that i converted to personal (even though i never lived in the property after tenant moved out, this will let me stop the depreciation on the move out date effectively moving the asset out of Sched E and then process the sale as a business)
